低碳城市试点政策与FDI的区位选择

Pilot Policies of Low Carbon Cities and Location Choice of FDI

文章采用2004—2018年我国地级市面板数据为研究样本,将低碳城市试点政策视为一项准自然实验,采用双重差分模型考察了低碳城市试点政策对FDI区位选择的影响。研究结果表明,低碳城市试点政策显著抑制了FDI的流入,但影响效果存在滞后性;机制分析表明,低碳城市试点政策主要通过技术创新效应抑制了FDI流入,而环境规制效应、融资约束效应并不显著。研究结论对推进低碳城市建设和合理利用FDI具有积极的政策启示。

Using the panel data of our country’s prefecture level cities from 2004 to 2018 as the research sample,this paper regards the low-carbon city pilot policy as a quasi-natural experiment,and uses the DID model to investigate the impact of the low-carbon city pilot policy on the location choice of FDI.The results show that the pilot policy of low-carbon cities significantly inhibits the inflow of FDI,but the impact effect lags behind.Mechanism analysis shows that the pilot policy of lowcarbon cities mainly inhibits FDI inflow through technological innovation effect,while the environmental regulation effect and financing constraint effect are not significant.The research conclusions have positive policy implications for the promotion of low-carbon city construction and the rational use of FDI.